90
90
Jul 5, 2011
07/11
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CSPAN2
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i see this as a big problem for two reasons. one, the gses are currently securitizing, helping securitize over 90% of the mortgage risk, new mortgages that are originated. fair share from under 5% in early 19 -- has climbed out in stock, to over 50%. if we don't get private sector in this market anytime soon, most likely the united states government will gradually own the entire mortgage credit risk of the country. i think it's a scary thought in a time when the gse is basically not a balance sheet of deny states government. $175 billion has already been spent in the form of taxpayer losses. there's a sense in which it could be a much bigger role than what it stands right now. so i think there are quite important resolution issues, she some short-term from how will we deal with money market fund runs, maybe that's an immediate risk. how will we deal with ccp under capitalization, maybe that's a five year risk potentially in expected turns, five or 10 years. and then there's this huge 10 year unwinding program we need to put in p
i see this as a big problem for two reasons. one, the gses are currently securitizing, helping securitize over 90% of the mortgage risk, new mortgages that are originated. fair share from under 5% in early 19 -- has climbed out in stock, to over 50%. if we don't get private sector in this market anytime soon, most likely the united states government will gradually own the entire mortgage credit risk of the country. i think it's a scary thought in a time when the gse is basically not a balance...
56
56
Jul 19, 2011
07/11
by
CSPAN2
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eye 56
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the president talked about big things but i think the american public expects more than a big speech. the congressional budget office says they cannot score a speech there is no plan by the president. we are two weeks out. there is no budget by the senate. the american public expects us to get back to work. expects us to get a job done. today you'll see a bill on the floor that is straightforward. no more budget tricks, no more accounting gimmicks, no more lies to the american people. with me curb it and cut it and balance it for the future. the democrats sit back and say somehow they're opposed to a balanced budget. 16 years ago if they had that one more vote we wouldn't be here today. i want you to all imagine for one moment -- imagined that vote passed, what would our press conference be about today? would westbound investing in something. would westbound worried about unemployment? would westbound wondering about how big america is growing? well, now is the opportunity. we welcome democrats to join dawes but if they don't we'll pass it on our own. that is the contrast. that is the
the president talked about big things but i think the american public expects more than a big speech. the congressional budget office says they cannot score a speech there is no plan by the president. we are two weeks out. there is no budget by the senate. the american public expects us to get back to work. expects us to get a job done. today you'll see a bill on the floor that is straightforward. no more budget tricks, no more accounting gimmicks, no more lies to the american people. with me...
41
41
Jul 19, 2011
07/11
by
CSPAN2
tv
eye 41
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within three years we had repealed that big luxury tax. we weren't hitting millionaires and billionaires. we were hitting the people who actually made the yachts. priet after 9/11, congress pass -- right after 9/11, congress passed an accelerated depreciation provision for the commercial aviation -- or the general aviation industry. the idea there was to make sure that 9/11 didn't hit that industry too hard and jobs would be saved. in the president's stimulus bill, that accelerated depreciation provision for commercial jets -- or business jets, rather, was reauthorized. that's the thing we're talking about here when we talk about business jets. the president has said business jets shouldn't receive that kind of tax treatment. well, the people who he said would be benefited by the stimulus package with jobs created or jobs saved are the people who will lose their jobs if that particular tax treatment is taken away. now, maybe we should look at that. i'm not against looking at that tax treatment. if we should look at it and decide it's not a
within three years we had repealed that big luxury tax. we weren't hitting millionaires and billionaires. we were hitting the people who actually made the yachts. priet after 9/11, congress pass -- right after 9/11, congress passed an accelerated depreciation provision for the commercial aviation -- or the general aviation industry. the idea there was to make sure that 9/11 didn't hit that industry too hard and jobs would be saved. in the president's stimulus bill, that accelerated depreciation...
80
80
Jul 18, 2011
07/11
by
CSPAN2
tv
eye 80
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if google gets too big -- >> i don't know if it is too big or too small but we should make the market cap bigger. the reality is google's market cap and all the other market caps reflect real consumer interests and revenue and the secret to our success is the same three things that matter. the number of consumers on your property and the revenue able to generate for the consumer and what does your brand stand for and google has done a nice job staying focused on those three things. those earnings were spectacular. we are still doing our turnaround. we have a clear vision where we are going and to a large degree a large degree of content. google is a winner-take-all at this point. we have a clear vision what is going on. our vision matches closely consumer growth and advertising growth and revenue growth. i hope to close that gap. >> now is the point we present our guests with token appreciation of your presence here today. i have one for both of you and that is the coffee mug. don't have any coffee before you take that. you can blog that certainly. i have my next question for arianna.
if google gets too big -- >> i don't know if it is too big or too small but we should make the market cap bigger. the reality is google's market cap and all the other market caps reflect real consumer interests and revenue and the secret to our success is the same three things that matter. the number of consumers on your property and the revenue able to generate for the consumer and what does your brand stand for and google has done a nice job staying focused on those three things. those...
72
72
Jul 20, 2011
07/11
by
CSPAN2
tv
eye 72
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that took care of the big problem they had with new york, big, massive new york with a lot of area and lots of people; little, tiny rhode island, not much area and not many people. the reason i say we return to our roots is we're not going to be able to do the fundamental principle that guides this country in the last 11 or 12 days *f legislative session. and that is we cannot default on our debt. we in the senate, we can have the greatest ideas in the world, but if they're not accepted in the house, we can't extend the debt ceiling, which we have to do. so now we await the house of representatives with our bicameral form of ledges slay taourbgs that's what we -- with our bicameral form of legislature, that's what we must do. they know we know time is of the essence. we know all the partisanship shown in the house of representatives, including thaeurl spending so much time on -- including their spending so much time on this plan they call cap, cut and balance, which others call cap, cut and destroy medicare and all the other names this program has been given. we have to get now where w
that took care of the big problem they had with new york, big, massive new york with a lot of area and lots of people; little, tiny rhode island, not much area and not many people. the reason i say we return to our roots is we're not going to be able to do the fundamental principle that guides this country in the last 11 or 12 days *f legislative session. and that is we cannot default on our debt. we in the senate, we can have the greatest ideas in the world, but if they're not accepted in the...